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AI brief of an SEC Form 8-K · Toro (TTC)

Toro shareholders approve 2026 equity plan and charter amendments

Neutral Impact 3 of 5 shareholder Written later

At its March 17, 2026 annual meeting, Toro stockholders approved a new 2026 Equity Plan, two charter amendments, and the election of three directors to terms ending in 2029. The charter amendments, which change the par value of all capital stock from $1.00 to $0.01 per share and limit officer liability under Delaware law, took effect on March 17, 2026.

Key points

  • The 2026 Equity Plan authorizes a maximum of 3,650,000 new shares, plus certain shares remaining under the 2022 Plan, and replaces the 2022 Plan for future equity awards.
  • Stockholders approved changing the par value of all capital stock from $1.00 to $0.01 per share, effective March 17, 2026.
  • Dianne C. Craig, Eric P. Hansotia and D. Christian Koch were elected as directors for terms ending at the 2029 annual meeting; KPMG LLP was ratified as auditor for fiscal 2026.

The filing

CompanyToro (TTC)
Form8-K, current report
Filed with the SECMar 20, 2026, 6:42 AM ET
Accession number0001628280-26-019979

Items reported: 3.03 Change to Shareholder Rights5.02 Director / Officer Change5.03 Bylaw / Charter Amendment5.07 Shareholder Vote Results8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 20, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.